Baron Wealth Management LLC Makes New $219,000 Investment in Johnson Controls International plc (NYSE:JCI)

Baron Wealth Management LLC bought a new position in Johnson Controls International plc (NYSE:JCI) in the third quarter, Holdings Channel reports. The firm bought 2,826 shares of the company’s stock, valued at approximately $219,000.

A number of other large investors have also bought and sold shares of the company. Capital World Investors boosted its holdings in shares of Johnson Controls International by 85.5% in the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after acquiring an additional 6,520,580 shares during the period. Dimensional Fund Advisors LP boosted its stake in Johnson Controls International by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock valued at $389,214,000 after buying an additional 479,548 shares during the period. Raymond James & Associates boosted its stake in Johnson Controls International by 5.6% during the third quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock valued at $367,495,000 after buying an additional 249,405 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Johnson Controls International by 686.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after buying an additional 3,880,146 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Johnson Controls International by 2.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,401,984 shares of the company’s stock worth $159,660,000 after purchasing an additional 59,274 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Trading Down 0.9 %

Shares of JCI stock opened at $83.64 on Tuesday. Johnson Controls International plc has a 52-week low of $51.60 and a 52-week high of $87.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The firm has a market capitalization of $55.87 billion, a PE ratio of 32.93, a PEG ratio of 2.36 and a beta of 1.29. The stock has a fifty day simple moving average of $77.14 and a two-hundred day simple moving average of $71.93.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. The Goldman Sachs Group lifted their price target on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. UBS Group assumed coverage on Johnson Controls International in a report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target on the stock. Barclays boosted their price target on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Mizuho boosted their price target on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $77.21.

Insider Buying and Selling at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. This trade represents a 8.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 336,757 shares of company stock valued at $26,262,632 in the last 90 days. Insiders own 0.69% of the company’s stock.

About Johnson Controls International

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.